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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • Shriram Transport Finance Co turned to US investors on Monday to help seal a $500m high yield bond, just weeks after selling a $400m Reg S trade.
  • South Korea’s Shinhan Bank sold Asia’s first dollar-denominated UN Sustainable Development Goals-linked bond on Monday, raising $400m from the Basel III-compliant tier two deal.
  • State-owned Vietnam Airlines Corp has won approval to list on the Ho Chi Minh City Stock Exchange (HOSE).
  • Three Chinese property companies raised a combined $1.625bn from international bond sales on Monday, continuing the flow of high yield paper into the offshore market.
  • Credit Suisse will increase its stake in Credit Suisse Founder Securities (CSFS), the firm it owns as a joint venture with Founder Securities, to 51%, making it the latest foreign bank to take a majority holding in its China JV.
  • China has announced a series of tax incentives to help boost demand for the non-existent Chinese Depository Receipt (CDR) market. But the authorities have it backwards, investors are available, finding a willing issuer is the problem.
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